This mornings news that companies will be allowed to begin using fair value accounting to value their BTC on their books is a huge positive for Bitcoin. If you weren’t familiar with the rules that had companies list their BTC on their books at the lowest price of the quarter, they existed. This fixes that. No longer will companies be scared to invest for fear of looking dumb when their balance sheet is assured to show an immediate loss.
This is really big news. That problem was a big hurdle for companies to invest in BTC
One would expect a nice pump, but this seems not to be the news whales want right now while they're busy suppressing the price